New Research Report Explore Phosphorescent Pigments Market Expected to Reach at a CAGR of 4.7% by 2025

This research report offers a comprehensive analysis of the “Phosphorescent Pigments Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025” The main objective of this report is to deliver insightful information and clear-cut facts pertaining to the growth trajectories of the market.

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Global Phosphorescent Pigments Market: Snapshot

Phosphorescence is a type of photoluminescence. Phosphorescent pigments crystal absorbs the radiations falling on them and thus e-emit the radiation it absorbs. The main characteristics of the phosphorescent pigments is the particular structure of its crystal with the strong capacity of absorbing-storing-emitting light. After absorbing varieties of visible lights, it can glow for more than twelve hours in the dark. Due to this property of glowing, they are also referred to as the glow-in-dark pigments. Phosphorescent pigment are used for many very different technical and artistic purposes due to its characteristics. It can be used in manufacturing paint; ink; plastic; rubber and films etc. It is completely safe for the application in consumer products such as clothing; shoes; caps; toys; stationery goods; watch; switch; novelties; fishing tools and sporting goods. It has good effects in the fields of building; decoration; traffic vehicle; military installations; fire emergency system. It is especially suitable for the production of long afterglow safety products such as warning; mandatory and escape-route signs.

Paints and Coatings Make One of the Leading Shareholding Segments Based on Application

On the basis of the products, phosphorescent pigments are classified according to the Zinc Sulphide and Strontium Aluminate. Strontium Aluminate is a class of newly developed phosphorescent (glow-in-the-dark) pigments which are based on Strontium Oxide Aluminate Chemistry. They are drastically different from conventional phosphorescent pigments which are either based on Zinc Sulfide or on radioisotopes for their self-luminous properties. Strontium aluminate can emit the light for about 12 hours which is not the case with the zinc sulphide. Strontium aluminate phosphorescent pigments are higher in prices than the zinc sulphide phosphorescent pigments. Strontium aluminate is doped with the Europium or Dysprosium so as to enhance the brightness and the duration of the glow. Zinc sulphide is the traditional phosphorescent pigment which is doped with copper to enhance the properties.

Based on the applications, paints and coatings is amongst the largest shareholding segments. Paints and coatings are then followed by the plastics industry. Phosphorescent pigments are used as fishing lures, glow in dark toys, paints, concrete, carpets, light-switches, handrails, stair well markers, luminaire reflectors, high visibility jackets, hard hats, directional indicators, arrows, highlighting signs for the position of fire extinguishers and especially the internationally standardized phosphorescent safety signs are nowadays widely in use. The main application of all kinds of well-defined phosphorescent safety products are egress pass marking purposes as of high rise buildings, of public buildings, railway stations, underground trains, passenger ships, underground parking areas and areas with high foot traffic.

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Asia Pacific Reports High Consumption, with China Accounting for Nearly Half of Regional Market

In terms of consumption, Asia Pacific was the largest market for Phosphorescent Pigments in 2016, China alone contributes to more than 50% of the Asia Pacific Phosphorescent Pigments market. The Phosphorescent Pigments market in Asia Pacific is very fragmented as most of the production is done by small scale manufacturers. Asia Pacific produces and exports Phosphorescent Pigments due to high availability of raw materials, developed technologies; and cheap labor. Europe is also a substantial market for Phosphorescent Pigments market, the region consumes more than 1/5th of the total volume of the global Phosphorescent Pigments market. Europe and North America have strong and developed construction industry thus the demand for Phosphorescent Pigments is anticipated to increase over the forecast period.

Major companies operating in the Phosphorescent Pigments market include Nemoto Lumi-Materials Co. Ltd., GloTech International Ltd., Allureglow International, LuminoChem Ltd., Honeywell International Inc., Kremer Pigmente GmbH & Co. KG, and Badger Color Concentrates Inc.

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